(News Bulletin 247) – The Paris Stock Exchange regained some color this Thursday, halting its recent downward trend. The CAC 40 gained 0.55% to get closer to 8,000 points thanks to a slight calm on the bond market after the publication of several American statistics.

The Paris Stock Exchange is offering itself a little respite after losing more than 2% in recent sessions. The CAC 40 resumes its ascent towards 8,000 points this Thursday evening, thanks to a gain of 0.55% to 7,978.51 points.

A slight calming on the bond market helped support the trend in Paris, particularly after the publication of several American statistics in the afternoon.

In a second estimate, American growth was revised downwards in the first quarter with GDP growth of 1.3%, compared to an increase of 1.6% initially announced in the first estimate.

Above all, personal consumption expenditure increased less than expected, by 2% again in the first quarter, where the consensus was expecting an increase of 2.2%, while the price index climbed by 3% when an increase of 3.1% was expected.

In addition to this reassuring price data, investors took note of weekly unemployment registrations higher than expected, at 219,000 applications against 218,000 for the consensus and after 215,000 last week.

The effect of this series of statistics was immediate on the bond market. Thus, the yield on the 10-year US Treasury bond eased slightly to 4.549%, compared to 4.599% at midday.

Investors are especially awaiting crucial data on inflation on Friday in the euro zone (the consumer price index) and in the United States (PCE index, favored by the Fed).

These will be valuable clues for investors who doubt rate cuts from central banks, especially from the American Federal Reserve (Fed), following statements by members of the American institution suggesting that cuts rates were not acquired.

LDC in great shape

On the values ​​side, tech is suffering somewhat, penalized by the disappointing publication of the American Salesforce which collapsed by 20% on Wall Street. Capgemini, which implements Salesforce solutions (among others) among its clients, suffered from the weaknesses of the American group (-4.4%) when Dassault Systèmes limited its decline to 1.3%.

Excluding the CAC 40, LDC gained 4.4%, driven by annual results described as “very good” by TP ICAP Midcap.

Pierre & Vacances rebounded by 7.6% after publishing its first half accounts, with gross operating income up more than 50% year-on-year. The company raised its outlook for its full financial year and the medium term.

After opening lower, Derichebourg shares gained 6.2% this Thursday evening. The company published its half-year results which had already been pre-announced, as part of a warning issued in mid-April. TP ICAP notes that the publication reserved “a nice surprise” on cash generation.

Big mistake for OVH which lost 14.6%, suffering from a downgrade by Stifel which revised its opinion on the stock to “keep” against “buy” previously, and halved its price target.

For its part, Neoen has been suspended from trading since Thursday morning. The renewable energy specialist is the subject of a public takeover offer announcement from the Canadian fund Brookfield, which displays a premium of 27% compared to the last listed price. By capillarity, Voltalia, another specialist in renewables on the Paris coast, advances by 14.2%.

Another company to be the subject of a takeover bid, Micropole, which is also suspended from trading, while Talan Holding was identified by the company as a serious candidate for its takeover.

On other markets, the euro gained 0.4% against the dollar to 1.0842 dollars. Oil is falling sharply despite the fall in weekly stocks in the United States. The July contract on North Sea Brent lost 1.2% to 82.39 dollars per barrel, while that of the same maturity on WTI listed in New York fell 1.4% to 78.16 dollars per barrel. .